CBD to launch UAE’s first digital-only bank service

The Commercial Bank of Dubai (CBD) has made an official statement that they will be launching “CBD Now” as the country’s first digital-only bank for the emerging digitally connected users by early 2017.

“The launch of CBD Now during 2016 UAE’s innovation week is a timely example of how CBD supports the vision of the UAE government to develop innovation and drive client happiness,” said Peter Baltussen who’s the CEO of Commercial Bank of Dubai.

The new digital bank service will provide a smart and seamless personalized mobile bank that allows users to perform and manage their financial services through their smartphone. Users will be offered with a series of banking products such as current accounts, saving accounts, and credit cards.

“CBD Now will redefine what a bank should be. It is built around customers and offers an entirely unique experience that is simple, smart and safe, whereby everything can be done via smartphone. We believe that it will be the 21st century choice for customers who want a bank that’s not just unique and different, but more importantly, better,” says Murray Sims, the General Manager Personal Banking Group at CBD.

CBD also plans to announce the CBD Now Co-founder program later where customers will provide input in building the mobile bank.